VEON

VEON Ltd.

There isn't enough reported data to score VEON yet.

VZ

Verizon Communications Inc.

54
Fundamentals52/ 100
Valuation43/ 100
Upside potential50/ 100
Risk potential17/ 100

VZ's fundamentals are mixed: it turned 28% of its revenue into free cash flow, but its operating margin fell 2 points to 21%. At 12x earnings, it's trading in line with its usual 11x. Analysts expect earnings growth.

VEON Fundamentals

MetricStatus
Unavailable
Strong
Unavailable
Healthy

VEON's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.

VZ Fundamentals

MetricStatus
Stable
Healthy
Strong
Under pressure

VZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.

VEON PE Valuation

CHEAPFAIREXPENSIVE9.8x20x29x39x
CHEAPFAIREXPENSIVE9.8x20x29x39x
LevelPEPriceVs current
Cheap6.5x$63.62-15%
Fair8.5x$83.40+11%
Current9.8x$75.15—
Expensive10x$103+37%

Historical ranges are pointers, not guarantees.

VEON's PE is 9.8x, but its earnings don't support one, so it isn't a reliable read right now.

VZ PE Valuation

CHEAPFAIREXPENSIVE5.0x10x15x20x
CHEAPFAIREXPENSIVE5.0x10x15x20x
LevelPEPriceVs current
Cheap8.3x$32.43-30%
Forward9x$46.55—
Fair11x$43.63-6.3%
Current12x$46.55—
Expensive14x$56.75+22%

Historical ranges are pointers, not guarantees.

VZ has the edge over VEON in the historical PE scenario, which offers more potential upside but is not a forecast.

VEON Forward outlook

There aren't enough analyst estimates for VEON to show an outlook.

VZ Forward outlook

MetricOutlook
Strongly improving
Growth
Stable
Improving
Limited
High

Analysts expect VZ's earnings to grow and its profitability to improve, with its revenue holding steady.

VEON Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $75.15 on Nov 12.

There is not enough scenario data to compare VEON and VZ's risk to reward.

VZ Risk to reward

ScenarioChangePrice
Upside+17%$54.56
Downside-17%$38.49

Calculated from the latest close: $46.55 on Nov 12.

There is not enough scenario data to compare VEON and VZ's risk to reward.

VEON Earnings Per Share

Q4 2020: $-4.98Q4 2021: $9.75Q4 2022: $-2.25Q4 2023: $6.67Q1 2024: $2.59Q2 2024: $-0.01Q4 2024: $1.93Q1 2025: $2.53Q2 2025: $10.07Q4 2025: $9.82
Q4 2020: $-4.98Q4 2021: $9.75Q4 2022: $-2.25Q4 2023: $6.67Q1 2024: $2.59Q2 2024: $-0.01Q4 2024: $1.93Q1 2025: $2.53Q2 2025: $10.07Q4 2025: $9.82
QuarterTTM EPSYoY
Q4 2025$9.82+409%
Q2 2025$10.07+$10.08
Q1 2025$2.53-2.3%
Q4 2024$1.93-71%
Q4 2023$6.67+$8.92
Q4 2022-$2.25-123%
Q4 2021$9.75+$14.73
Q4 2020-$4.98-155%

VEON has the edge over VZ in the latest year-over-year earnings comparison.

VZ Earnings Per Share

Q4 2023: $2.75Q1 2024: $2.67Q2 2024: $2.66Q3 2024: $2.31Q4 2024: $4.14Q1 2025: $4.20Q2 2025: $4.29Q3 2025: $4.68Q4 2025: $4.06Q1 2026: $4.11Q2 2026: $3.85Q3 2026: $3.93Forward: $5.19
Q4 2023: $2.75Q1 2024: $2.67Q2 2024: $2.66Q3 2024: $2.31Q4 2024: $4.14Q1 2025: $4.20Q2 2025: $4.29Q3 2025: $4.68Q4 2025: $4.06Q1 2026: $4.11Q2 2026: $3.85Q3 2026: $3.93Forward: $5.19
QuarterTTM EPSYoY
Forward$5.19+32%
Q3 2026$3.93-16%
Q2 2026$3.85-10%
Q1 2026$4.11-2.1%
Q4 2025$4.06-1.9%
Q3 2025$4.68+103%
Q2 2025$4.29+61%
Q1 2025$4.20+57%
Q4 2024$4.14+51%

VZ's earnings per share have fallen from their peak: $3.93 over the past year, against $5.34 in late 2021.

VEON Quarterly Revenue

Q4 2020: $4BQ4 2021: $7.8BQ4 2022: $3.8BQ1 2023: $884MQ2 2023: $916MQ4 2023: $1.9BQ1 2024: $942MQ2 2024: $1BQ4 2024: $2BQ1 2025: $1BQ2 2025: $1.1BQ4 2025: $2.3B
Q4 2020: $4BQ4 2021: $7.8BQ4 2022: $3.8BQ1 2023: $884MQ2 2023: $916MQ4 2023: $1.9BQ1 2024: $942MQ2 2024: $1BQ4 2024: $2BQ1 2025: $1BQ2 2025: $1.1BQ4 2025: $2.3B
QuarterRevenueYoY
Q4 2025$2.3B+12%
Q2 2025$1.1B+5.8%
Q1 2025$1B+8.9%
Q4 2024$2B+7.2%
Q2 2024$1B+12%
Q1 2024$942M+6.6%
Q4 2023$1.9B-49%
Q4 2022$3.8B-52%

VEON has the edge over VZ in the latest year-over-year revenue comparison.

VZ Quarterly Revenue

Q4 2023: $35.1BQ1 2024: $33BQ2 2024: $32.8BQ3 2024: $33.3BQ4 2024: $35.7BQ1 2025: $33.5BQ2 2025: $34.5BQ3 2025: $33.8BQ4 2025: $36.4BQ1 2026: $34.4BQ2 2026: $34.3BQ3 2026: $34.3B
Q4 2023: $35.1BQ1 2024: $33BQ2 2024: $32.8BQ3 2024: $33.3BQ4 2024: $35.7BQ1 2025: $33.5BQ2 2025: $34.5BQ3 2025: $33.8BQ4 2025: $36.4BQ1 2026: $34.4BQ2 2026: $34.3BQ3 2026: $34.3B
QuarterRevenueYoY
Q3 2026$34.3B+1.5%
Q2 2026$34.3B-0.7%
Q1 2026$34.4B+2.9%
Q4 2025$36.4B+2%
Q3 2025$33.8B+1.5%
Q2 2025$34.5B+5.2%
Q1 2025$33.5B+1.5%
Q4 2024$35.7B+1.6%

VZ's revenue has held roughly level: $34.3B last quarter, up 1.5% from the same quarter a year ago.

VEON Free Cash Flow

Q4 2020: $453MQ4 2021: $580MQ4 2022: $299MQ1 2023: $354MQ2 2023: $320MQ4 2023: $476MQ1 2024: $50MQ2 2024: $72MQ4 2024: $394MQ1 2025: $255MQ2 2025: −$48MQ4 2025: $408M
Q4 2020: $453MQ4 2021: $580MQ4 2022: $299MQ1 2023: $354MQ2 2023: $320MQ4 2023: $476MQ1 2024: $50MQ2 2024: $72MQ4 2024: $394MQ1 2025: $255MQ2 2025: −$48MQ4 2025: $408M
QuarterFree cash flowYoY
Q4 2025$408M+3.6%
Q2 2025-$48M-167%
Q1 2025$255M+410%
Q4 2024$394M-17%
Q2 2024$72M-78%
Q1 2024$50M-86%
Q4 2023$476M+59%
Q4 2022$299M-48%

VEON still generates free cash flow, though less than at its 2016 peak: $1B over the past year.

VZ Free Cash Flow

Q4 2023: $8.7BQ1 2024: $7.1BQ2 2024: $9.5BQ3 2024: $9.9BQ4 2024: $10.4BQ1 2025: $7.8BQ2 2025: $9BQ3 2025: $11.3BQ4 2025: $9.1BQ1 2026: $8BQ2 2026: $10.4BQ3 2026: $11.5B
Q4 2023: $8.7BQ1 2024: $7.1BQ2 2024: $9.5BQ3 2024: $9.9BQ4 2024: $10.4BQ1 2025: $7.8BQ2 2025: $9BQ3 2025: $11.3BQ4 2025: $9.1BQ1 2026: $8BQ2 2026: $10.4BQ3 2026: $11.5B
QuarterFree cash flowYoY
Q3 2026$11.5B+2.2%
Q2 2026$10.4B+16%
Q1 2026$8B+2.6%
Q4 2025$9.1B-13%
Q3 2025$11.3B+14%
Q2 2025$9B-5.4%
Q1 2025$7.8B+9.9%
Q4 2024$10.4B+20%

VZ's free cash flow has been positive every quarter for seven years: $39B over the past year, up 1.5% from the year before.

VEON Total Shares

Q4 2020: 70MQ4 2021: 70MQ4 2022: 70MQ1 2023: 70MQ2 2023: 70MQ4 2023: 1.8BQ1 2024: 70MQ2 2024: 71MQ4 2024: 1.8BQ1 2025: 70MQ2 2025: 70MQ4 2025: 1.8B
Q4 2020: 70MQ4 2021: 70MQ4 2022: 70MQ1 2023: 70MQ2 2023: 70MQ4 2023: 1.8BQ1 2024: 70MQ2 2024: 71MQ4 2024: 1.8BQ1 2025: 70MQ2 2025: 70MQ4 2025: 1.8B
PeriodChange %Net change
Quarterly+2459%+1.7B shares
1 year+2439%+1.7B shares
3 years+2488%+1.7B shares
5 years+2464%+1.7B shares
Available history+2464%+1.7B shares

VEON has 1.8B diluted shares, up 2439% from a year ago.

VZ Total Shares

Q4 2023: 4.2BQ1 2024: 4.2BQ2 2024: 4.2BQ3 2024: 4.2BQ4 2024: 4.2BQ1 2025: 4.2BQ2 2025: 4.2BQ3 2025: 4.2BQ4 2025: 4.2BQ1 2026: 4.2BQ2 2026: 4.2BQ3 2026: 4.2B
Q4 2023: 4.2BQ1 2024: 4.2BQ2 2024: 4.2BQ3 2024: 4.2BQ4 2024: 4.2BQ1 2025: 4.2BQ2 2025: 4.2BQ3 2025: 4.2BQ4 2025: 4.2BQ1 2026: 4.2BQ2 2026: 4.2BQ3 2026: 4.2B
PeriodChange %Net change
Quarterly-0.2%-10M shares
1 year-1.7%-72M shares
3 years-1.3%-55M shares
5 years+0.4%+17M shares
Available history+0.5%+21M shares

VZ has the edge over VEON on shareholder dilution, with a more favorable share count trend.

VEON Net Leverage

Q4 2020: 2.3xQ4 2021: 1.6xQ4 2022: 1.8xQ4 2023: 1.1xQ1 2024: 2.0xQ2 2024: 2.1xQ4 2024: 0.9xQ1 2025: 1.6xQ2 2025: 1.9xQ4 2025: 0.8x
Q4 2020: 2.3xQ4 2021: 1.6xQ4 2022: 1.8xQ4 2023: 1.1xQ1 2024: 2.0xQ2 2024: 2.1xQ4 2024: 0.9xQ1 2025: 1.6xQ2 2025: 1.9xQ4 2025: 0.8x
QuarterNet LeverageStatus
Q4 20250.8xVery low
Q2 20251.9xHealthy
Q1 20251.6xHealthy
Q4 20240.9xVery low
Q2 20242.1xModerate
Q1 20242.0xModerate
Q4 20231.1xHealthy
Q4 20221.8xHealthy

VEON's net debt is less than a year of its operating earnings (EBITDA), down from 2.0 years a year ago.

VZ Net Leverage

Q4 2023: 3.7xQ1 2024: 3.7xQ2 2024: 3.6xQ3 2024: 3.7xQ4 2024: 3.0xQ1 2025: 3.0xQ2 2025: 3.0xQ3 2025: 2.8xQ4 2025: 2.9xQ1 2026: 3.4xQ2 2026: 3.4xQ3 2026: 3.3x
Q4 2023: 3.7xQ1 2024: 3.7xQ2 2024: 3.6xQ3 2024: 3.7xQ4 2024: 3.0xQ1 2025: 3.0xQ2 2025: 3.0xQ3 2025: 2.8xQ4 2025: 2.9xQ1 2026: 3.4xQ2 2026: 3.4xQ3 2026: 3.3x
QuarterNet LeverageStatus
Q3 20263.3xElevated
Q2 20263.4xElevated
Q1 20263.4xElevated
Q4 20252.9xModerate
Q3 20252.8xModerate
Q2 20253.0xModerate
Q1 20253.0xElevated
Q4 20243.0xElevated

VZ's net debt is about 3.3 years of its operating earnings (EBITDA), up from 2.8 years a year ago.

VEON Weekly Momentum

MetricValueStatus
RSI64.7Neutral
Stochastic70.6Neutral

VEON's weekly RSI is 65 (neutral) and its Stochastic is 71 (neutral).

VZ Weekly Momentum

MetricValueStatus
RSI50.9Neutral
Stochastic44.6Neutral

VZ's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).

VEON PE vs Communication Services Sector

MetricVEONSector medianRelative
PE9.8x16x41% below
PE %772651 pts above

VEON has the edge over VZ on valuation relative to its sector.

VZ PE vs Communication Services Sector

MetricVZSector medianRelative
PE12x16x28% below
PE %582632 pts above

VZ is trading at 12x earnings, a 28% discount to the Communication Services sector's median of 16x.

VEON Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$78.44.2% below
20 week MA$66.114% above
50 week MA$57.930% above
100 week MA$52.942% above
200 week MA$37.7100% above

VEON's trend is up, with a small recent dip: it's below only its 8-week average, and 100% above its 200-week average.

VZ Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$45.13.1% above
20 week MA$46.30.5% above
50 week MA$46.11.1% above
100 week MA$44.25.4% above
200 week MA$41.412% above

VZ has the edge over VEON on trend strength, trading above more of its moving averages.

VEON Yearly ROI

YearStart priceEnd priceROI
2020$63.3$40.3-36%
2021$40.3$41.8+3.7%
2022$41.8$11.5-72%
2023$11.5$19.7+71%
2024$19.7$39.0+98%
2025$39.0$52.7+35%
2026 YTD$52.7$75.2+43%

VEON has the edge over VZ on returns for 2026, with the stronger performance.

VZ Yearly ROI

YearStart priceEnd priceROI
2020$61.5$58.8-4.4%
2021$58.8$52.7-10%
2022$52.7$38.4-27%
2023$38.4$37.7-1.8%
2024$37.7$39.9+5.9%
2025$39.9$40.5+1.4%
2026 YTD$40.5$46.6+15%

VZ has finished lower in four of the last six years. It's up 15% so far in 2026.

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